COMPANY INTELLIGENCE PROFILE
YESPOHO INDIA PRIVATE LIMITED
Yespoho (brand "Yes!poho", also runs sub-brand "Vasaas") is a Visakhapatnam/Hyderabad-based artisan-commerce company.
Incorporated on 10 October 2017, Yespoho operates in the artisan e-commerce sector, connecting artisans and customers through a technology-driven platform. Based in Visakhapatnam and Hyderabad, it offers handcrafted ethnic wear and home décor. The company reported a revenue of ₹15.55 Cr for FY2024, with notable growth in net profit and net worth. It has funding from Bharat Inclusion Initiative and IIMA Ventures, and holds open charges totaling ₹4.24 Cr.
AI-generated, may contain errors.
Business Overview
- Yespoho, brand "Yes!poho", also runs sub-brand "Vasaas", is a Visakhapatnam/Hyderabad-based artisan-commerce company.
- Per its own storefront, shop.yespoho.com, and LinkedIn: "a Techno-Experience based social platform connecting artisans and customers through technology to create trust and relationship through active engagement," selling handcrafted ethnic wear, sarees — Banarasi, Kalamkari, Madhubani styles — kurtas, lehengas, jewelry, men's wear, and home décor sourced from artisan communities, positioned as reviving India's handloom/handicraft ecosystem.
- IndiaMART also lists an associated manufacturing/trading listing for cotton/rayon kurtis from a Hyderabad address, run under the same company name.
- Founders Raghuram Kuchibhatla and Meenakshi Dubey were noted (per LinkedIn) as featured in a "Young Leaders of India 2026" recognition for artisan-ecosystem work.
Sector & Classification
MCA classification: "Other computer related activities" (NIC — per falconebiz/tofler/indiafilings). Actual operating business per company's own site/LinkedIn/Tracxn: apparel/artisan e-commerce (fashion & textile, retail trading) — a common MCA-code-vs-actual-business mismatch for this entity.
Directors & Key Management
Directors — source notes
4 directors, cross-verified (IndiaFilings + thecompanycheck for the two overlapping names): Raghuram Kuchibhatla (DIN 08252816, director since ~2018), Meenakshi Bhupendra Dubey (DIN 09047120, since Jan 2021), Nanda Kishore Babu Borra (DIN 10158038, since Jan 2024 — IndiaFilings only), Kumar Chiranjeevi Venkata Kalya Vasireddy (DIN 10462020, since Jan 2024 — IndiaFilings only). First two DINs confirmed by 2 sources; latter two by IndiaFilings only (partial).
GST Registrations
Primary GSTIN: 37AAACY9339B1Z7 (Andhra Pradesh, state code 37), registered 04 Feb 2019, status active per piceapp.com and fnshiftsolutions.com (2 sources agree, PAN embedded matches thecompanycheck's PAN) — confirmed. Home state: Andhra Pradesh. A second, partially-masked GSTIN beginning "36" (Telangana state code) appears on the company's IndiaMART listing (Hyderabad address) but the full number is masked/unverifiable — treated as partial/not confirmed, possible second state registration given the company also operates from a Hyderabad (Madhapur) office per its storefront footer.
Financials
YESPOHO INDIA PRIVATE LIMITED reported a revenue of ₹15.55 Cr for FY2024, reflecting a 28% YoY increase. The company also experienced a 55.46% growth in net profit and a significant 131.0% rise in net worth.
AI-generated, may contain errors.
- Figures conflict somewhat by source/FY, standalone, no consolidation implied, single entity: Revenue FY2023, ending 31-Mar-2023, ≈ ₹12.1 Cr with ~72% 1-yr CAGR, Tracxn-sourced snippet, also echoed via search aggregation from thecompanycheck/tracxn
- Revenue FY2024, ending 31-Mar-2024, ≈ ₹15.55 Cr, +28% YoY (tofler.in). thecompanycheck.com, for FY ending Mar-2024, reports: Net Profit growth +55.46%, Net worth growth +131.0%, Total revenue growth +28.17%, consistent with Tofler's 28%, EBITDA change −21.42%, Assets growth +93.14% — absolute EBITDA/PAT/net-worth rupee figures are premium-locked on both Tofler and thecompanycheck ("not obtained").
- No borrowings-vs-net-worth ratio available.
Funding History
- Per Tracxn's Yes!poho company page: described as "a funded company" with investors Bharat Inclusion Initiative and IIMA Ventures, plus 2 unnamed additional investors
- Exact round name/date/amount were redacted/paywalled on the page — amount "not obtained". No corroborating second source found, Inc42/Entrackr/YourStory did not surface funding specifics
- Treated as partial.
Loans & Charges
- 2 open charges, agreeing across Tofler and thecompanycheck: State Bank of India ≈ ₹2.30 Cr (1 charge/loan)
- Tamilnad Mercantile Bank Limited ≈ ₹1.90 Cr (1 charge/loan). Total open charge value ≈ ₹4.24 Cr per Tofler — confirmed (2 sources).
Credit Ratings
- Not obtained — no CRISIL, ICRA, or CARE rating found for Yespoho India Private Limited in the sources reviewed, consistent with its small scale/private, non-listed-debt profile.
Competitive Landscape
- Per Tracxn's competitive-set listing for Yes!poho, ranked 10th of 55 tracked peers in the artisan/ethnic-fashion-marketplace space: Poshmark, social resale marketplace, ~$203M raised — much larger scale, Limeroad, women's fashion social-shopping, ~$51.9M raised — larger scale, CityMall, multi-category social commerce, ~$153M raised — larger/adjacent, Wooplr, fashion/lifestyle social commerce, ~$20.5M raised — larger scale, Stage3, ethnic-wear retailer, ~$6.5M raised — comparable/slightly larger scale, Oyela, fashion community marketplace, ~$2.6M raised — comparable scale.
- Note: per sourcing rules Tracxn is meant primarily for funding-round names
- This competitor list is Tracxn-derived and not cross-verified on a second source, so treat as indicative rather than confirmed.
Frequently Asked Questions
What does Yespoho do?
Yespoho is a Visakhapatnam/Hyderabad-based artisan-commerce company that operates under the brand 'Yes!poho' and runs the sub-brand 'Vasaas'. It connects artisans and customers through technology to sell handcrafted ethnic wear and home décor, sourced from artisan communities.
What is the CIN of Yespoho India Private Limited?
The Corporate Identification Number (CIN) of Yespoho India Private Limited is U72900AP2017PTC106822.
What is the GSTIN for Yespoho?
Yespoho's primary GSTIN is 37AAACY9339B1Z7, registered in Andhra Pradesh on 04 February 2019. There is a possible second registration in Telangana, but the GSTIN number is partially masked and unverified.
When was Yespoho incorporated?
Yespoho was incorporated on 10 October 2017.
What is the registered office address of Yespoho?
The registered office of Yespoho is located at 39-6-71/3-20, Mourya Chambers, 3rd Floor, Apartment No. A-5-6, Murali Nagar, Visakhapatnam, Andhra Pradesh, 530017.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.